Which of the following provides the basis for recording a sale in the sales journal?
A)Sales invoice
B)Packing slip
C)Bill of lading
D)Master price file

Question

Quizplus · Accepted Answer

The sales invoice provides the details of the sale, including the date, customer information, item(s) sold, quantity, price, and total amount. It serves as the basis for recording the transaction in the sales journal, which is a chronological record of all credit sales made by a business. The packing slip and bill of lading are documents related to shipping and delivery of goods and do not provide enough information for recording a sale in the sales journal. The master price file is a database containing information on product prices and is not relevant to recording a sale in the sales journal.

Which of the Following Provides the Basis for Recording a Sale